Skip to Content
0
Former Member
Nov 08, 2012 at 05:49 AM

Interest Calculation on Term Loan

142 Views

Dear All,

i want to customization steps for interest calculation.

Terms under Term Loan - if bank customer term loan upto 1 crore, the rate of interest is 10%. when the loan amount touches to 1 crore and above, the interest rate will be decreased by 1% till again if loan amount less than 1 crore.

10% interest rate - up to 1 crore

9% interest rate - 1 crore and above (subject to if loan amount again drop down to less than 1 crore. if it again drop down to 1 crore, interest is 10%)

thanks

rk